Axiom Equity, a private equity firm focused on scaling high-growth B2B software companies in the lower middle market across the UK and Ireland, announced the final close of Axiom Equity Fund II above its hard cap. The fund was oversubscribed and completed in a single closing without a formal fundraising process, finishing materially above its original target.
With the closing of Fund II, Axiom now manages more than $500 million in assets under management. The firm attracted several institutional investors from the United States and Europe while maintaining support from its entire existing investor base.
The closing follows a period of strong operational and investment momentum for the firm. In 2025, Axiom completed its fourth platform investment and fifth tuck-in acquisition, while portfolio companies achieved approximately 75% average annual recurring revenue growth.
During the same period, the firm also completed a partial exit of Joblogic to Vista Equity Partners. The investment originated from Axiom’s inaugural fund and delivered a fund-returning outcome, contributing to strong performance for the fund’s vintage.
Axiom said its strategy focuses on partnering with management teams to scale mission-critical B2B SaaS businesses, particularly platforms where artificial intelligence is becoming embedded into daily workflows and core operations.
Founded in 2021 by Ed Fraser and Jonathan Organ, Axiom Equity focuses on the underserved segment between venture capital and traditional buyout investing. The firm works with software companies headquartered in the UK and Ireland, supporting growth through organic expansion, operational improvement, and selective acquisitions.
Probitas Partners served as exclusive placement agent for Fund II, while Addleshaw Goddard acted as fund counsel.
KEY QUOTES
“At Axiom, we believe it’s important to recognise meaningful milestones when you deliver strong results. Completing Fund II in a single closing reflects the strength of our investor relationships and the confidence in what we’re building. Over the past year, we delivered our first realisation which returned the fund, positioning it among the top-performing growth equity funds globally for its vintage. When results like this come together, it reflects progress we’re proud of and a strong foundation as we continue to build the firm.”
Ed Fraser, Co-Founder of Axiom Equity
“We’ve been deliberate in how we’ve built Axiom, focusing on quality, discipline, and repeatability from day one. The backing from both existing and new institutional partners gives us the capacity to continue executing at pace, while remaining highly selective in where we deploy capital. We’re building a firm with long-term ambitions and believe Axiom is exceptionally well positioned for the rapidly expanding opportunity set within the UK and Irish software scene.”
Jonathan Organ, Co-Founder of Axiom Equity
